North America Industrial Metaverse Market Size & Outlook
North America industrial metaverse market, 2018-2030 (US$M)
Related Markets
North America industrial metaverse market highlights
- The North America industrial metaverse market generated a revenue of USD 7,285.9 million in 2023.
- The market is expected to grow at a CAGR of 32% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,285.9 million |
| Market revenue in 2030 | USD 50,865.1 million |
| Growth rate | 32% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Hardware, Services |
| Key market players worldwide | Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Microsoft Corp, NVIDIA Corp, PTC, Siemens AG, Unity Software Inc Ordinary Shares, HTC, Magic Leap, Swanson Group |
Other key industry trends
- In terms of revenue, North America region accounted for 32.6% of the global industrial metaverse market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46,271.9 million by 2030.
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Industrial Metaverse Market Scope
Industrial Metaverse Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America industrial metaverse market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial metaverse market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 42.81% in 2023. Horizon Databook has segmented the North America industrial metaverse market based on software, hardware, services covering the revenue growth of each sub-segment from 2018 to 2030.
Various companies such as Google LLC and Microsoft Corporation across various sectors, ranging from automotive manufacturing to aerospace engineering, are exploring the potential of the industrial metaverse to enhance efficiency, training, and collaboration.
Cloud-based platforms such as XR Immersive Stream play a vital role in democratizing this technology and making it accessible and scalable for these companies. For instance, in February 2023, Google LLC, an American multinational corporation and technology company, launched XR Immersive Stream, a cloud-based graphics-rendering service that makes use of the GPUs on Google Cloud.
This service delivers top-tier images and videos to any device, empowering developers to create immersive experiences without necessitating high-performance hardware or specialized applications on users' devices. XR Immersive Stream distinguishes itself by eliminating the need for powerful hardware, allowing users to engage in 3D or AR environments seamlessly.
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Our clientele includes a mix of industrial metaverse market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial metaverse market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial metaverse market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial metaverse market size, by country, 2018-2030 (US$M)
North America Industrial Metaverse Market Outlook Share, 2023 & 2030 (US$M)
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